Do More With Reuters
Partner Services

India rice crop down, may up basmati exports-expert

Sun Jun 28, 2009 8:40pm IST
 
Email | Print | | Single Page
[-] Text [+]

DUBAI, June 28 (Reuters) - India expects rice yields to fall to 96-97 million tonnes in the coming season but the country may export more basmati rice to meet high demand, a trade expert said on Sunday.

Vijay Setia, former president of All India Rice Exporters Association, told Reuters that the harvest was expected to be less than last year's 99 million tonnes.

The annual monsoon rains, a lifeline to India's trillion-dollar economy, are expected to be below normal for the first time in four years, the Indian government said on Wednesday. [ID:nISL48163]

This year, exports of basmati rice may increase to 2.5 million tonnes from 1.5 million tonnes last year, Setia said on the sidelines of a conference in Dubai. (Reporting by Tamara Walid; Editing by Jon Loades-Carter)

Britain's Prime Minister Gordon Brown speaks, as finance minister Alistair Darling listens at the G20 Finance Ministers meeting in St. Andrews, Scotland. REUTERS/POOL New
UK joins G20 push for world levy on banks

Britain threw its weight behind proposals to impose a global levy on banks to fund future bailouts and called on the G20 to work toward a $100 billion deal to meet the cost of climate change.  Full Article | Full Coverage 

special coverage

Photo
Central Banks Cautious

Reuters tracks the policies of the world's top central banks as the debate over global economic recovery rages on.  Full Coverage 

Market Update

  • IndiaIndia
  • USUS
  • UKUK
  • Asia
  • Most Actives

column

Nipun Mehta
Nipun Mehta, SG Private Banking
India - planning the road to recovery

There needs to be an acceptable balance created between education & healthcare and infrastructure spend.  Full Article 

SHOWCASE

Robot Asimo

Snapshots of Honda Motor's humanoid robot Asimo  Slideshow 

 
Marketing Strategy
Marketing Strategy

Companies are now using direct marketing methods to sell their products.  Full Article 

 
Out of Woods?
Out of the Woods?

Analysis - CIT's bankruptcy exit fraught with uncertainty  Full Article 

 
Exit Plans
Exit Plans

Factbox - Stimulus exit plans for Asia-Pacific's big 5 economies  Full Article